Finance Terms

There are many benefits for doing an owner-carry installment sale as opposed to conventional financing for both the buyer and seller. Sometimes the advantages insure to the benefit of one or the other, but in most cases the transaction is “Win/Win” for both parties.

EASY QUALIFICATION

The buyer, in many cases, prefers an installment sale to conventional financing because it does not require traditional bank income and credit approval. The buyer may have poor credit because of a divorce or recent bankruptcy. He may be self-employed and cannot prove income. He may be new to his job and cannot meet strict lender guidelines. Even if he could qualify for a loan, the rate will be astronomical if he has poor credit. Furthermore, few conventional lenders offer fixed interest rate loans to people with a poor credit rating. As you can see, there are dozens of reasons why a buyer cannot (or will not) qualify for a conventional bank loan. The installment sale becomes the perfect solution for him.

                                                                      CREDIT RATING                                                       

An installment sale may give the buyer a chance to improve his credit rating by owning a home and making payments timely. 
 

                                                                    NO LOAN COSTS

One of the biggest benefits for the buyer is not having to pay the costs associated with conventional loans. Points, origination fees, underwriting charges, appraisal, credit reports, title insurance and the plethora of other "junk" fees charged by conventional lenders can amount to thousands of dollars at closing. The buyer is free from these with an owner-carry installment sale.

                                                                    FAST CLOSING

A buyer can close and move into a property within days, since there is no third party lender holding up the transaction. Despite the elevated purchase price and interest rate, there are many benefits to a buyer who engages in an installment sale transaction. 
 

                                                                        TERMS

Many of the properties listed on SE Arizona Land For Sale by Owner offer very attractive owner financing with payments as low as ZERO DOWN and  AFFORDABLE MONTHLY PAYMENTS.  

It is our mission to provide you quality and select properties for sale by owner while passing on savings to you with attractive and flexible financing terms.